Lightspeed POS Inc (LSPD – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Koji Ikeda from Bank of America Securities reiterated a Buy rating on the stock and has a $18.00 price target.
Koji Ikeda has given his Buy rating due to a combination of factors that highlight Lightspeed POS Inc’s potential for growth and strategic focus. The company is concentrating its efforts on two primary growth areas: North American retail and European hospitality. This strategic focus is expected to leverage Lightspeed’s strengths in workflow and inventory management, particularly for retailers with complex operations and fine dining establishments in Europe.
Furthermore, Lightspeed has set ambitious financial targets, including a 35% compound annual growth rate in adjusted EBITDA, aiming for $140 million by fiscal year 2028. The company’s commitment to a share repurchase program, with $300 million still available, indicates confidence in its strategic plan and provides downside support. These elements, combined with the potential for a beat-and-raise path, underpin Koji Ikeda’s positive outlook and Buy rating for the stock.
In another report released today, Benchmark Co. also maintained a Buy rating on the stock with a $16.00 price target.